Answer:
The sales level that has only a 3% chance of being exceeded next year is $3.67 million.
Step-by-step explanation:
When the distribution is normal, we use the z-score formula.
In a set with mean
and standard deviation
, the zscore of a measure X is given by:

The Z-score measures how many standard deviations the measure is from the mean. After finding the Z-score, we look at the z-score table and find the p-value associated with this z-score. This p-value is the probability that the value of the measure is smaller than X, that is, the percentile of X. Subtracting 1 by the pvalue, we get the probability that the value of the measure is greater than X.
In this question, we have that:
In millions of dollars,

Determine the sales level that has only a 3% chance of being exceeded next year.
This is the 100 - 3 = 97th percentile, which is X when Z has a pvalue of 0.97. So X when Z = 1.88.




The sales level that has only a 3% chance of being exceeded next year is $3.67 million.
Answer:
Therefore multiplying x by a number between 0 and 1 creates a horizontal stretch, which looks like a vertical compression. That is, the parabola will be shorter/wideStep-by-step explanation:
Answer:
A =4πr2
Step-by-step explanation:
All you have to do is to reverse the order of the x and y components of (7,2):
(2,7).
The correct answer is Choice A.
If you plot the points on a graph, you will see that there is a slope of -1 and the y-intercept is (0, 3).
This matches the equation of y = -x + 3 in Choice A.